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Blue Ribbon Income Fund (T:RBN.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
Company Contact
Address: Suite 2930, Box 793, 181 Bay Street
TORONTO ON M5J 2T3
Tel: N/A
Website: www.bromptongroup.com/individual.html
IR: See website
Key People
M. Paul Bloom
Chairman of the Board, Executive Vice President
Mark A. Caranci
President, Director
Ann P. Wong
Chief Financial Officer
Kathryn A. H. Banner
Vice President, Corporate Secretary
   
Business Overview
Blue Ribbon Income Fund (the Fund) is a Canada-based mutual fund trust. The Fund's investment objectives are to provide unitholders with high monthly distributions, together with the opportunity for capital appreciation. The Company's investment portfolio includes consumer staples, consumer discretionary; financial; industrial; materials; utilities; real estate, and communication services. The Fund manages a portfolio of publicly listed or traded securities, including income trusts, royalty trusts, real estate investment trusts, common shares, preferred securities, and debt instruments. Its investment products include ETFs, Split Share Funds, and Other Toronto Stock Exchange (TSX) Traded Funds. The Company's trustee is Computershare Trust Company of Canada. Bloom Investment Counsel, Inc. manages the fund's portfolio.
Financial Overview
For the fiscal year ended 31 December 2022, Blue Ribbon Income Fund revenues decreased from C$17.7M to -C$5M. Net loss totaled C$6.1M vs. income of C$16.2M. Revenues reflect Net change in unrealized gain (loss) decrease from C$10.1M to -C$10.3M, Net realized gain (loss) on sale of inve decrease of 52% to C$2.1M, Dividend Income decrease of 7% to C$3M. Net loss reflects Audit Fees increase of 13% to C$32K (expense).
Employees: 3 as of Dec 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: $65.08M as of Dec 31, 2022
Annual revenue (TTM): $-4.99M as of Dec 31, 2022
EBITDA (TTM): -$6.07M as of Dec 31, 2022
Net annual income (TTM): -$6.07M as of Dec 31, 2022
Free cash flow (TTM): $5.48M as of Dec 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,515,572 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization